Private Student Loans

College is a big investment, one that can significantly impact both the student's and the family's finances. Conventional means may not always cover the full Cost of Attendance, so we are here to help you and your family members achieve your educational dreams.

1* The Base Rate adjusts quarterly on the first day of January, April, July and October. We use the average of the 3-Month LIBOR, as reported by the Wall Street Journal on the 1st of each month, for the last three months preceding the adjustment date. 2Base Rate + Loan Margin = Quarterly Adjusted Variable Loan Rate3Upfront fee is rolled into loan balance, no funds needed at closing.4Rates are accurate as of specified date and are subject to change without notice.

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DetailsOur private student loan, is a low cost student loan to meet your education needs. Full principal and interest loan payments are deferred until 6 months after you graduate and you have up to 10 years to repay the loan.

Borrow as little as $2,500 or up to Cost of Attendance per year for a maximum of $100,000 in undergraduate loans or $150,000 in graduate loans.

Competitive interest rates and with good grades, get even lower rates! Applying with a cosigner is highly recommended to qualify for lower rates. Cosigner also must be a member of MEFCU

1% interest rate reduction once you have repaid just 10% of the loan.

30 Day No-Fee Return Policy. Find a cheaper way, you can cancel the loan.

Use for ALL Education Expenses: Tuition, room & board, books, computer, even past due tuition bills.

FAFSA Information

Before applying for a Private Student Loan, we advise you to fully utilize your Direct Subsidized and Unsubsidized Loans through the federal government. These often have low costs and favorable repayment terms. It is best to visit the Free Application for Federal Student Aid (FAFSA) website to apply for and learn about these loans.